Godrej Properties (GPL) has reported a growth of 44.54 per cent in its net consolidated profit during the quarter ended December 31, 2022. Its profit after tax (PAT) stood at Rs 56.40 crore in Q3 FY23 as against Rs 39.02 crore it registered in the corresponding quarter of the previous year, the company said in a BSE filing.
The company’s net consolidated income stood at Rs 404.58 crore in Q3 FY23, a dip of 13.35 per cent from Rs 466.91 crore it recorded in the similar quarter last year.
Pirojsha Godrej, executive chairman of the company said, “The two highlights in the third quarter were that GPL registered its best ever quarter for both sales bookings and business development. This leaves us well positioned to surpass our FY23 bookings guidance of Rs 10,000 crore and to sharply grow on this base in the years ahead.”
During the nine month ended December 31, 2022, the company has granted 30,869 new stock to eligible employees under the Employee Slock Grant Scheme (ESGS). Further, during the nine months ended December 31, 2022, the company has alloted 32,897 equity shares upon exercise of stock grants under the employee stock grant scheme, the company said in the regulatory filing.
It’s booking value grew by 111 per cent to Rs 3,252 crore while 9M FY23 bookings grew by 77 per cent year-on-year to Rs 8,181 crore, the company said in a media release.